CHECK FIGURES

a. Net Income $18,500

b. Total Assets $93,200

The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:

supplies	$1000	beginning retained earnings	$9300
cash flow from inv. act.	(5200)	cashflow from financing act.	(5000)
prepaid insurance	1200	rent expense	2500
service rev	65200	dividends	3000
other operating exp.	41000	cash	48000
supplies exp.	1100	accounts receivable	14200
insurance exp.	2100	prepaid rent	4800
beginning common stock	40000	unearned revenue	6400
cashflow from operating act.	15600	land	24000
common stock issued	5000	accounts payable	17000

Required

Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).

PROBLEM 2-36

Barker Company Financial Statements For the Year Ended December 31, 2018
Income Statement
	Revenue
		$
	Total Revenue		$
	Expenses
		$
	Total Expenses
	Net Income		$
Statement of Changes in Stockholders Equity
	Beginning Common Stock	$
	Plus:
	Ending Common Stock		$
	Beginning Retained Earnings	$
	Plus:
	Less:
	Ending Retained Earnings
	Total Stockholders Equity		$

PROBLEM 2-36 (cont.)

Barker Company Balance Sheet As of December 31, 2018
	Assets
			$
	Total Assets		$
	Liabilities
		$
	Total Liabilities		$
	Stockholders Equity
		$
	Total Stockholders Equity
	Total Liab. and Stockholders Equity		$

PROBLEM 2-36 (cont.)

Barker Company Statement of Cash Flows For the Year Ended December 31, 2018
	Cash Flow From Operating Activities	$
	Cash Flow From Investing Activities
	Cash Flow From Financing Activities
	Net Change in Cash
	Plus: Beginning Cash Balance	*
	Ending Cash Balance	$

*Not given in the problem.

Ending Cash Balance crease in Cash = Beginning Cash Balance

$ /+ = $